The Company has established a Code of Conduct designed to influence, shape, regulate, control, and ensure that the behavior of all Bukit Asam personnel aligns with the Company’s expectations. This Code of Conduct also outlines the Company’s business philosophy and core values that govern and guide the overall management of the Company in order to achieve its business objectives as stated in its vision and mission.
To develop the highest standards of business ethics in line with Good Corporate Governance (GCG) principles within the coal-based energy sector, thereby fostering a strong corporate culture that contributes—directly or indirectly—to enhancing the Company’s value.
To translate the Company’s values into ethical foundations that must be upheld by all levels of the organization in conducting daily operational activities.
Bukit Asam is committed to neither giving nor receiving gifts, bribes, or gratifications that could compromise independence in the decision-making process. This commitment aligns with sound business ethics principles and applicable laws and regulations. As a manifestation of this commitment, the Company issued a Joint Decree of the Board of Commissioners and Board of Directors through: No: 16/SK/PTBA-KOM/XII/2013, No: 337/KEP/Int-0100/PW.01/2013. This policy prohibits the giving and receiving of gifts, bribes, and other forms of gratification. It also regulates reporting requirements, monitoring mechanisms, and sanctions for violations as part of the implementation of Good Corporate Governance (GCG) principles and practices.
To serve as a guideline for Bukit Asam employees to understand, prevent, and address gratification within the Company;
To provide guidance for Bukit Asam employees in taking a firm stance against gratification to achieve sound corporate management;
To establish corporate governance that is free from all forms of Corruption, Collusion, and Nepotism (KKN);
Every individual within the Company’s ranks is required to avoid all forms of potential economic conflicts of interest that could harm the Company. Company personnel are prohibited from engaging in activities that benefit their personal interests, or those of their family members or relatives, either directly or indirectly. To prevent conflicts of interest, any Company personnel who find themselves in a potential conflict situation must either remove themselves from the situation or report it to their supervisor or the responsible authority.
The Company has established two (2) main principles that must be followed by all personnel to prevent conflicts of interest:
Do not use one’s position for personal gain or for the benefit of other individuals or parties related to the Company;
Avoid any off-duty activities that may negatively affect independence and objectivity in decision-making, contradict one’s official role, or potentially harm the Company.
The Whistleblowing System (WBS) is a mechanism that allows Company personnel and/or any individual to report suspected fraud, misconduct, legal violations, and breaches of the Code of Conduct.
As part of the MIND ID Group, Bukit Asam has integrated its whistleblowing system with the holding company’s platform called “OpenMIND.” OpenMIND is an independent reporting channel available to all parties for reporting violations committed by individuals within the broader MIND ID environment. OpenMIND ensures the confidentiality of reports and the identity of the whistleblower. This reporting channel accepts reports in the following categories:
To provide direction and a reference for Bukit Asam employees regarding the importance of compliance in reporting gratification to protect themselves and their families from potential accusations of bribery.
PT Bukit Asam enforces a strict policy on gratification, prohibiting all company personnel from giving or receiving gratification of any kind, for any reason. This policy refers to Law No. 20 of 2001 on Amendments to Law No. 31 of 1999 on the Eradication of Corruption, as well as the Decree of the Secretary of the Ministry of State-Owned Enterprises No. SK-16/S.MBU/2012 dated June 6, 2012. Any gratification that is categorized as a bribe must be reported to the Corruption Eradication Commission (KPK) of the Republic of Indonesia.
